Income Tax
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Reopening Beyond Four Years Invalid as Non-Filing of Form 3CL Not Material Non-Disclosure
Cash Deposit Addition Invalid When Source Is Fully Explained with Documentary Proof
ITAT Deletes Interest Disallowance After Revenue Accepts Loan Genuineness
Voluntary TP Adjustment under APA Eligible for 10AA Deduction: Karnataka HC
Order Passed Beyond 3-Month Limit under Section 153(5) is Invalid: Karnataka HC
Faceless Regime Prevails: Reassessment by Jurisdictional AO Held Void
Suspicion Cannot Replace Proof: ITAT Mumbai Quashes ₹5.10 Cr Demonetisation Addition
Routine Group Support Not FTS or Royalty: ITAT Mumbai Grants ₹109.7 Cr Relief
CSR Expenditure/donations: Intricacies under Income Tax Act, 1961
31st October Income Tax Deadlines – File Now or Face Consequences
How to Correct a Wrong Income Tax Challan (AY, Head Code, or PAN) Online
Disallowance u/s. 80P quashed as interest on nonrecoverable loans not recorded
Reassessment based on incorrect facts and without application of mind cannot be sustained
Separate AMP adjustment uncalled as distribution business benchmarked separately
Latest Income Tax News
Income tax is the part of your income which you are required to pay to the Indian government for funding various infrastructural developments, pay salaries to those who are employed by the central or the state governments, etc. All the taxes which are imposed are based on law, and the law which governs provisions about taxes on income is the Income Tax Act, 1961.
Income tax needs to be paid by each and every individual, Hindu Undivided Family, Association of Persons, Body of Individuals, companies, corporate firms, local authorities and every artificial juridical person generating any income based on the income tax slab rates.
Income tax might seem to be a tedious tax for most us, and it has a lot to do with the fact it involves a lot of nitty-gritty and details while calculating and in paying income tax. However, if you need a clear picture about income tax which is simple and easy to understand then you are at the right place.
Get all the latest news on income tax with Taxguru. We will offer you all the insight and details about all the updates and trending news on income tax. Get a comprehensive coverage of income tax-related news and regular updates on income tax circulars.
At Taxguru, we give a cohesive understanding off all income tax related circulars. We keep updating all the circulars as and when issued by the income tax department. You could view online or you can download all the latest news on Income Tax and circulars free of cost.
Find all the latest developments and amendments to the Income Tax Act. Get to know all the tips and tricks on how to save income tax and develop your own income tax planning work plan. We keep updating our portal regularly so that you don’t miss out on anything.
